Target (NYSE: TGT) executive granted stock units; shares withheld for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Target Corporation executive Cara A. Sylvester reported equity compensation and related tax withholding on Common Stock. On March 11, 2026, she received two stock awards: 16,759 shares and 8,799 shares at a stated price of $0.00 per share as grants under Target’s 2020 Long-Term Incentive Plan.

These awards include restricted stock units and performance-based restricted stock units, with the performance-based award representing the minimum number of shares deliverable after vesting in three years and incorporating dividend equivalents. On the same date, 1,010 shares were withheld at $119.88 per share to cover tax obligations on a previously granted performance-based award. After these transactions, she directly held 52,104 Target shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider SYLVESTER CARA A

Role Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	16,759	$0.00	--
Grant/Award	Common Stock	8,799	$0.00	--
Tax Withholding	Common Stock	1,010	$119.88	$121K

Holdings After Transaction: Common Stock — 44,315 shares (Direct)

Footnotes (1)

Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Includes dividend equivalents paid on performance-based restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional performance-based restricted stock units. Award of performance-based restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Amount reported represents the minimum number of shares that will be delivered upon satisfaction of vesting conditions. Award vests three years after the grant date. Withholding of stock to satisfy tax withholding obligation on vesting of performance-based restricted stock unit award granted under the Target Corporation 2020 Long-Term Incentive Plan previously reported by the reporting person on March 10, 2023.

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Form 4 Insider Transactions: What Each Field Means →

03/13/2026 - 03:43 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SYLVESTER CARA A

(Last)

(First)

(Middle)

1000 NICOLLET MALL

(Street)

MINNEAPOLIS

55403

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TARGET CORP [ TGT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/11/2026		A⁽¹⁾		16,759	A	$0	44,315⁽²⁾	D
Common Stock	03/11/2026		A⁽³⁾		8,799	A	$0	53,114	D
Common Stock	03/11/2026		F⁽⁴⁾		1,010	D	$119.88	52,104	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan.

2. Includes dividend equivalents paid on performance-based restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional performance-based restricted stock units.

3. Award of performance-based restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Amount reported represents the minimum number of shares that will be delivered upon satisfaction of vesting conditions. Award vests three years after the grant date.

4. Withholding of stock to satisfy tax withholding obligation on vesting of performance-based restricted stock unit award granted under the Target Corporation 2020 Long-Term Incentive Plan previously reported by the reporting person on March 10, 2023.

Remarks:

Exhibit 24 - Power of Attorney

	Miranda S. Hirner, Attorney-In-Fact	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Target (TGT) report for Cara A. Sylvester?

Target executive Cara A. Sylvester reported stock-based compensation and related tax withholding. She received two equity awards under the 2020 Long-Term Incentive Plan and had shares withheld to satisfy taxes from a previously granted performance-based restricted stock unit award.

How many Target (TGT) shares were granted to Cara A. Sylvester?

Cara A. Sylvester received two grants totaling 25,558 Target shares: 16,759 shares and 8,799 shares. Both grants were recorded at a price of $0.00 per share as stock awards under the Target Corporation 2020 Long-Term Incentive Plan.

What tax withholding transaction occurred in this Target (TGT) Form 4?

The filing shows 1,010 Target shares withheld at $119.88 per share to cover tax obligations. This withholding related to the vesting of a performance-based restricted stock unit award previously granted and disclosed on March 10, 2023.

What are the terms of the performance-based stock units reported for Target (TGT)?

The performance-based restricted stock unit award reflects the minimum number of shares deliverable if vesting conditions are met. According to the disclosure, this award vests three years after the grant date, and dividend equivalents are reinvested into additional performance-based units.

How many Target (TGT) shares does Cara A. Sylvester hold after these transactions?

Following the reported grants and tax withholding, Cara A. Sylvester directly held 52,104 shares of Target Common Stock. This post-transaction figure reflects the net position after receiving new awards and withholding shares to satisfy her tax obligations.

What plan governs the equity awards to Cara A. Sylvester at Target (TGT)?

All reported stock awards and related tax withholding are connected to the Target Corporation 2020 Long-Term Incentive Plan. This plan provides for restricted stock units, performance-based restricted stock units, and associated dividend equivalents as part of executive equity compensation.